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Money is economic power.

Walter Bagehot

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Walter Bagehot
Age: 51 †
Born: 1826
Born: February 3
Died: 1877
Died: March 24
Businessperson
Economist
Engineer
Journalist
Political Scientist
Politician
Sociologist
Langport
Somerset
Economic
Money
Power

More quotes by Walter Bagehot

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Royalty is a government in which the attention of the nation is concentrated on one person doing interesting actions.
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It is often said that men are ruled by their imaginations but it would be truer to say they are governed by the weakness of their imaginations.
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The cure for admiring the House of Lords is to go and look at it.
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The most essential mental quality for a free people, whose liberty is to be progressive, permanent and on a large scale, is much stupidity.
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You may talk of the tyranny of Nero and Tiberius but the real tyranny is the tyranny of your next-door neighbor.
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I'm not the kind of writer who's able to block out the world around me. I'm mindful of our own haves and have-nots, how our culture often blames and punishes the have-nots. I worry about our precarious economic and political climate.
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In every particular state of the world, those nations which are strongest tend to prevail over the others and in certain marked peculiarities the strongest tend to be the best.
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So long as there are earnest believers in the world, they will always wish to punish opinions, even if their judgment tells them it is unwise and their conscience that it is wrong.
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In the faculty of writing nonsense, stupidity is no match for genius.
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A political country is like an American forest you have only to cut down the old trees, and immediately new trees come up to replace them.
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The mystic reverence, the religious allegiance, which are essential to a true monarchy, are imaginative sentiments that no legislature can manufacture in any people.
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An ambassador is not simply an agent he is also a spectacle.
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So long as war is the main business of nations, temporary despotism - despotism during the campaign - is indispensable.
Walter Bagehot
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The characteristic merit of the English constitutions is, that its dignified parts are very complicated and somewhat imposing, very old and rather venerable, while its efficient part, at least when in great and critical action, is decidedly simple and modern.
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The cardinal maxim is, that any aid to a present bad Bank is the surest mode of preventing the establishment of a future good Bank.
Walter Bagehot
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Public opinion is a permeating influence, and it exacts obedience to itself it requires us to drink other men's thoughts, to speak other men's words, to follow other men's habits.
Walter Bagehot
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Nothing is more unpleasant than a virtuous person with a mean mind.
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The most melancholy of human reflections, perhaps, is that, on the whole, it is a question whether the benevolence of mankind does most good or harm.
Walter Bagehot
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Most men of business think Anyhow this system will probably last my time. It has gone on a long time, and is likely to go on still.
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Not only does a bureaucracy tend to under-government in point of quality it tends to over-government in point of quantity.
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